Edison Investment Research - Hydrodec Group PLC (HYR) Flash note: Continuing to execute on strategy

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Edison Investment Research

Flash note: Continuing to execute on strategy

Hydrodec continues to make progress towards its strategic goals while preparing to restart re-refining in the US in Q414. Management has made substantial progress on negotiating the insurance claim for the incident that has halted re-refining at the Ohio site since December, receiving a total of $5.5m in interim payments, but our estimates and valuation remain under review until this process completes, expected in Q314.

29/07/2014 3 EN

Underlying

Hydrodec Group PLC

Hydrodec Group is a clean-tech industry oil re-refining group with operations in the U.S. and Australia. Co.'s principal activity is the re-refining of used transformer oil into, and the sale of, new SUPERFINE™ oil.

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GB00B02FJF09 United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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